Tencent removes new game 'DnF Mobile' from some Android app stores - report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 20 2024
0mins
Should l Buy GOOGL?
Source: SeekingAlpha
- Tencent's Game Removal: Tencent is removing Dungeon & Fighter Mobile from certain Android app stores due to expired contracts, impacting stores like Huawei, Oppo, and Vivo.
- Challenges in Revenue Sharing: Game developers in China face challenges with distributors over revenue sharing issues as mobile games gain popularity in the market.
- DnF Mobile Performance: DnF Mobile generated over $140M in player spending within its first week of release in China, expected to boost Tencent's gaming lineup.
- Huawei-Tencent Dispute: Huawei previously removed Tencent's games due to revenue-sharing disputes; now nearing an agreement to allow WeChat on HarmonyOS without revenue sharing.
- HarmonyOS Strategy: Huawei considers charging fees for in-app purchases on HarmonyOS, aiming to compete with Apple by offering a lower commission than Apple and Google.
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Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOOGL is 338.25 USD with a low forecast of 279.00 USD and a high forecast of 390.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
34 Analyst Rating
27 Buy
7 Hold
0 Sell
Strong Buy
Current: 322.860
Low
279.00
Averages
338.25
High
390.00
Current: 322.860
Low
279.00
Averages
338.25
High
390.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Individual Company Struggles: Microsoft's quarterly results revealed slowing revenue growth from its Azure cloud computing unit, leading to an 11% drop in its stock price in a single day, marking the largest decline since March 2020, reflecting market concerns over its spending plans.
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